EURNZD has been falling in the last few trading sessions inside the sharp corrective wave (4), which broke through the combined support area lying at the intersection of the round support level 1.7000, 50-week moving average and the weekly support trendline from the start of 2017.
The active corrective wave (4) belongs to the long-term primary upward impulse sequence inside which the pair has been trading from last year.
EURNZD is expected to fall further and re-test the next support level 1.6600 (former support from January and June – as well as the target price for the completion of the active wave (4)).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
